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20130131
20130131
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WRC (NBC) 2
CNBC 1
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Search Results 0 to 5 of about 6
FOX Business
Jan 31, 2013 5:00pm EST
what happened debt ceiling debate. you look how they feel like they have lost all power and all sway, it makes just plowing head first into the sequestration look not that bad. because maybe it is only way to get the cuts done? >> yeah but the question are the right types reform. we cut the discretionary budget, paul knows this by 1.7 droll trillion. which is as much we estimated doing with the bowls simpson report. what we need to do is put the revenue piece on the table and make sure medicare and our health care system doesn't bankrupt america going forward. melissa: we put the revenue piece on the table. everybody's taxes went up. at beginning of the year 77% of the pop saw their taxes go up when you say now we need to put the revenue piece on the table i think that is what bates republicans. hey, they feel like we did that and president came back and said guess what, that is just the beginning. we took your lunch. now we'll steal your backpack. >> the question is, increase the rates on top 1% of the population. we didn't do anything about reforming the system. small businesses ca
NBC
Jan 31, 2013 4:30am EST
hill. the senate will decide whether to put off the debate over the debt ceiling until spring. it will vote on a bill to allow government to keep borrowing money without congress' permission until the middle of may. the house already passed the legislation. president obama said he will sign it if the senate fails -- rather, if it fails in the senate. the treasury warns the government may not be able to pay its bills in a matter of weeks. >>> 4:34. chuck hagel will tell a senate committee why he should be the next defense secretary. the senate armed services committee will hold hagel's confirmation hearing. the former republican senator and vietnam veteran will likely face tough questions, especially about his stance on israel and iran. he prepared by meeting privately with more than 50 senators and leaders of public interest groups. >>> right now, vice president biden is preparing for his first trip overseas for the obama administration's second term. he leaves today for europe. the white house says he'll visit germany, france, and the u.k. the vice president's first stop will
NBC
Jan 31, 2013 6:30pm EST
final approval today to a measure that would at least put off the debate over raising the debt ceiling. this measure expense the government's borrowing limit to may 19th. the national debt will be pushing the $17 trillion. in other words, it's really washington's version of kicking the can down the road. the president is expected to sign this bill immediately. >>> now to the economy and the financial markets. stocks fell a bit today with all three major indexes modestly lower. but for the month, the dow was up almost 6%, the best since january in '94. nasdaq gabd 4%, s&p just over 6. its best january since '97. what is the market surge trying to tell us when mixed in with some bad news out there, as well? and on the eve of another big jobs report? our report from nbc's tom costello. >> reporter: 25-year-old kory wilson can tell you, it's not easy looking for a job. she has applied for 200 since earning a masters degree in public relations last may of the. >> being a post graduate, either i'm overqualified or i'm underqualified. >> she is looking for work, but the economy seemingly pois
NBC
Jan 31, 2013 5:00am EST
is expected to vote today on a bill to suspend the debt ceiling or the u.s. borrowing limit for three months to allow more time for debate on the country's fiscal issues. the house passed a measure last week. the senate version includes several republican amendments including matching spending cuts for every dollar increase in the debt ceiling. but they're expected to go down in defeat. now the bill won't technically raise the debt ceiling but will spend it until may 19 when it will be raised by the amount the treasury borrows in the interim. meanwhile, a new report finds foreclosure activity rose in more than half of the biggest u.s. metro areas last year. but realty track says activity decreased from 2010 when foreclosures peaked in most markets. foreclosures dropped in 12 of the top 20 metro markets with the biggest declines in phoenix, san francisco, and detroit. the biggest increases were in tampa, miami, and baltimore. and what are the top market for buying a foreclosed home this year? realty track says your best bets are in jacksonville, chicago, and el paso, texas. >> all right. than
CSPAN
Jan 31, 2013 5:00pm EST
the debt ceiling? >> well, a decision by house republican leaders at their retreat about two weeks ago. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea. gambling with the faith and credit of the united states it turns out as a pretty bad idea. we were downgraded for the first time in the nation's history. they did not want to do that again. like us said, they did not want to vote for a bigger national debt either. that does not fit with their philosophy, so they came up with this strategy of saying, okay, we will suspend it. in the meantime, we really want the senate to pass a budget for 2014, and the law also says that if either chamber fails to adopt the budget by april 15th, their paychecks will be docked. so the whole idea of this thing is to a postpone this sort of economy prattling default situation until they can prosecute thi
CNBC
Jan 31, 2013 6:00am EST
is expected to vote this afternoon on a bill to suspend the debt ceiling for three months, following the house. this would allow more house for debate on the fiscal issues we're facing. the senate version includes several republican amendments, though, including matching spending cuts for every dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i like the binary outlo
Search Results 0 to 5 of about 6